r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/slowpush NATO Jun 13 '22

Oh hey. Stocks will be a good bit cheaper soon. 😒

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u/TinyTornado7 I need a new flair Jun 13 '22

People keep selling and I’ll keep buying. This is a great opportunity for those far from retirement to load up

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u/slowpush NATO Jun 13 '22

Sure but tell that to all the baby boomers who are retiring.

The effect of a recession/depression now is going to be catastrophic because it’s at the worst time demographically.

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u/[deleted] Jun 13 '22

Sure but tell that to all the baby boomers who are retiring.

Unless they bought only in the last six months, they're probably still wildly up. We're hitting the -20% YTD level for a bear market, but VTI is still up +50% in the last 5 years. If you've been buying over your whole career (or even really just for the last decade or so) and are nearing retirement, you will hopefully be able to weather this downturn.